Camille can obtain a residential mortgage loan from a bank at 6 5 compounded semiannually, or from an independent mortgage broker at 6 4 compounded monthly Which source should she pick if other terms and conditions of the loan are the same Present calculations that support your answer ...

Bank Mortgage broker Camille should cho ...

Camille can obtain a residential mortgage loan from a bank at 6.5% compounded semiannually, or from an

Question:

Camille can obtain a residential mortgage loan from a bank at 6.5% compounded semiannually, or from an independent mortgage at 6.4% compounded monthly. Which source should she pick if other terms and conditions of the loan are the same? Present calculations that support your answer.
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...